Our Services for Depositors

Promontory Interfinancial Network’s ICS® and CDARS® services enable depositors to have the peace of mind associated with access to multi-million-dollar FDIC insurance, to manage their liquidity needs, and to earn a return, all while working directly with just one bank.

Yankee Sweep® enables broker-dealers and banks to offer large-dollar depositors the opportunity to place their deposits at U.S. branches of non-U.S. banking organizations. Although these deposits are uninsured, they can earn a return and are placed with U.S. branches of foreign banks that are chartered by a state or federal Office of the Comptroller of the Currency and are subject to Federal Reserve Board regulation.